Money conversations don’t have to be difficult or avoided nor do they have to include all the gory details of the exact dollars and cents of the situation. A good starting point is to make sure you are passing on more than just money. By writing what the author calls a legacy notebook or Ethical Will, retirees can set the stage for the next generation by sharing their family history, core values and beliefs, life lessons, and hopes for the future.
By starting with what is really important, families can reflect and talk together, building stronger bonds and foundations for future generations. This will naturally open the door to share how these thoughts and beliefs translate into financial wishes.
You can find articles on the other four taboo topics here.
